May 27, 2008 by Konner McDonnell
Posted in
Please see below for the announcements published by Ford Edelman.
FED with Gratitude and Respect.
Submitted by: Ford Edelman Designs (FED)
Date: May 28, 2008
Ford Edelman Designs will he delisting from WSE effective immediately per a majority of the shareholders request.
We wish the World Stock Exchange much success with their future endeavors and thank them for a wonderful working history.
Shareholders will be notified of our future plans via group and individual notification.
Shareholders seeking information regarding Ford Edelman Designs can contact Ashleigh Wade.
FED requests delistment
Submitted by: Ford Edelman Designs (FED)
Date: May 28, 2008
Per our previous announcement, a majority has requested FED delist from WSE. We will be relisting, and will notify shareholders via group announcement and IM over the next few days.
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Trading on ACE
They are already trading on ACE since late last night. It went on the floor and 1 share was bought at 10L$. This announcement came after the 1 share was traded.
"We are very happy to see the trust that Ashleigh Wade and Ford Edelman have placed in ACE," said IntLibber Brautigan today, "the relisting went off without a hitch and trading has commenced, with a strong investor vote of confidence in the move, with share price hitting 10.00L$ per share."
Then it dropped to .70L$ now another share was bought at 10L$. But now people are setting sell orders around 2L$. For an exchange that talk so much about trasparency how come you can't see when a bourd member or top shareholder buys and sells there stock. Out of the top 5 exchanges in SL, ACE is the only one that does not have the top shareholders, buy/ sell records.
And now the good news reported from ACE, BNT will be back on the trade floor today. I wonder what that will trade it first share at .10L$ .25L$ 1L$ 10L$ 100L$.
lol BNT @ 3L$
Well did I call it or what BNT gets back to the trading floor and sells its first shares at 3L$ LOL. but its goot to see that it is getting back to normal. Buy orders .20L$ sell orders are still wishfull thinking at .59L$ But it is good that they got it back to the floor. Lets hope they can get some transparence over there since they are the only exchange that doesn't show top shareholders.
Bart Heart
Remember the SATs, Bart?
Answer the following analogy:
Konner is to WSE as Bart is _______
Saturday Afternoon Test
No, I didn't have to take them, someone esle took them for me, lol. I was on a Basketball Scholarship.
So my answer would be 2,14,20
Bart Heart
PS: no the next number would not be 23, it would be if you were looking for sequence.
HINT: A1 is good for burgers, but ketcup would B2. I love riddles. lol.
FED includes Top 5 in the monthly financials
Bart,
The base software used by ACE, SL CAPEX, and LNL didn't include the the Top 5 functionality. As a result they have to allocate resources to add this. I will make sure and push IntLibber to develop and add this, as I agree that it is vital information. By the way, as far as I'm aware, SL CAPEX only lists holders with 5% or more and doesn't detail "insider" buy/sell trades.
.70 was the last close at WSE, which is why that was the low end last night. I requested it open at the same level as the last close. I'm not sure what happened on the buy side because I went to bed directly after the posting the WSE announcement and making a FED group announcement regarding where to find us listed.
Specifically with FED, our monthly financials include a Top 5 snapshot so you can detail movements of the Board/Top 5 from month to month. By the end of this week I will upload all of our monthly financial history from the point I took over as interim CEO so investors have at least a 6 month running track record. Investors are also always welcome to visit our HQ in Nolan, where we post our financials.
Ash
Good Luck Ash
Ash,
I think FED is a good company, I was just pointing out how I saw the first trades. It will settle, and go back to normal. As a matter of fact I even was talking to Zee Linden about the stock exchanges when I was IPOing VHI, and pointed out your company, and showed him the game you FED had out on the floor of WSE. So I do wish you and you company the best of luck.
I was commenting more on Int's hype. And I wonder if he was the one that bought the first share just to make ACE look good. Since the announce come out right after the share was bought.
And SLCapEx does the top 10 shareholder, ISE shows top 3 shareholders and the buy and sell orders of them, Im not possitive on the board members that are not in the top 3. VSTEX show the top 10 shareholders, the buy and sell order for those top 10 and also the buy and sell of any board member.
Bart Heart
Thanks Bart :) I appreciate
Thanks Bart :) I appreciate your warm wishes. FED is not a big fish and it means a lot that our boutique firm is well received. We just work hard to make sure that our holders are rewarded with a small dividend each month.
I'm not sure who pushed it to L$10, but whomever it was thank you for the vote of confidence...a little bit of an unrealistic valuation lol...it could have been Int...but it could have also been any of the other holders as well. Since we are very tightly held our price doesn't have a tendency to slosh that much. I could see any of our holders putting in that sell order at L$10 and then another pushing just to see the numbers roll up.
At any rate, the price should become more stable as the balance of the shareholders realize we've moved. I expect some of them will be excited to be in a position to be liquid and get their Lindens. The majority of the holders, though, have been with us since our beginning and won’t budge. Awareness of delistment may be more difficult since Luke decided our announcement didn't fit on the WSE homepage.
It was a difficult decision to leave considering our tight history with WSE and the fact that Luke has always treated us well. Utimately, though, we had to do what was best for FED, and that meant staying in SL as a purely SL listed company denominated in Lindens with the ability for our investors to trade at will (in SL). I am sure that WSE will be spectacular at launch, and wish them the best.
The purpose of these 'x delists from the WSE'
is simply to create a public record. Because the WSE has been systematic in fabricating an air of 'overwhelming support' by removing any and all posts that harbor what LukeConnell Vandeverre has called a 'negative WSE attitude," I take the value of this public record as implied. In a normal situation with a normal exchange, I might appreciate the removal of delistment announcements as a housecleaning process of moving forward. My running lack of commentary in this post and future delistment announcements reflects a weariness at having to state the same things over and over again.
While Ancapex would not have been my first or even second choice, I think the moxy of holding an open vote to determine shareholder's wishes speaks volumes about the ethical underpinnings of FEDs practices. I take it on faith that they would similarly delist from Ancapex if their shareholders voted to this effect or were receiving what they felt to be a raw deal. Secondly, your delistment announcements were in remarkably good taste. That in mind, I wish FED the utmost success in their future.
I thank you for your
I thank you for your comments Konner. I do need to make a clarification though...We didn't hold a called open vote. Historically it's been troublesome to coordinate a special vote of this type (especially with Ford in Iraq at the moment, we only had a time frame of a few days while he was on leave to discuss). Something this sensitive would also leak before we could make a clean break and plan accordingly. The decision has taken months of agonizing. We are lucky in that about 85% of the company is held by the Top 5 holders, though, and we did make sure that we had a majority of the holders, representing roughly 68-70% of the shares outstanding, supporting the move. The decision was developed by private conversations between parties. It wasn't my preferred method, but at least the decision wasn't done in a vacuum :)
The choice to move to Ancapex was simply because FED is HQed on a BNT property coupled with Ford and I's historical relationship with BNT. ACE/BNT is so much more than Intlibber and the business support and services we've received from Int and Team them over the past year made the decision to relist with them quite easy. We also feel that we bring something of value to ACE and seek to help define standards in conjunction with all ACE companies.
That said, it's my firm belief shareholders (even that guy who has one share) are the true owners of any public company. I have an open door to any of our investors and if a majority of the holders decide that something else needs to be done then it needs to be addressed accordingly.
Corrections noted and appreciated.
But I think my comments stand. If you were acting in the shareholder's best interests, given everything we learned about the WSE in the events following the CEO meeting, your delistment process is sensible. In the end, the same holds with your choice of Ancapex.
One of the fundamental points I've argued in a heated discussion with Vandeverre (Only I was heated, Mr. Vandeverre was always baffled as to why I couldn't just accept that things he did were done and I should move on) is his belief that in a short time after the WSE opens, people will forget about the past few months and move on. My most resounding fear with regard to the virtual exchanges, is that he may be right.
Bart Heart
Ash,
I wouldn't worry about what Bart thinks, this is the same person who was a strong ally of Jasper Tizzy right up until Jasper ran of with Millions of Lindens.
Jasper never ran off with anything.
Get your story straight, dont post BS lies you make up or hear from others with no facts.
Where is your proof that you can use in a court of law that states jasper took any L$ and ran off?
The fact about jasper is simple, Jasper had 1/3 ownership in a bank that was merged into a public company.
Bank deposits were used to buy land that was rented to SL community under the GROUP name CGI, as CGI was the land management company.
After jasper quit SL the acting president took it upon himself to say the land was never an asset of the bank, and traded it all to BNT for shares.
This was nothing mnore than BNT scamming bank people out of money, and to say Jasper ran off with it all. Intlibber and Patrickj Ah made the deal, Patricj Ah was 80% shareholder of CGI and could sway the deal to intlibber getting all the land for BNT stock, and nothing to the bank customers.
BNT will say it was a fair deal, and CGI was the owner of all the 200,000+++ SQM left behind of mainland, what about the 80,000+ SQM of BNT land jasper had?? WHat about PrePaid advertising in Wenden;s SL Trader magazine. 90,000+ L$
The scammers are still lurking around ACE, it was never Jasper.
Yeah...
If you're going to resort to that Reductio ad Hitlerum bullshit as the premise for your argument against Bart Heart, at least have the stones to be a public idiot, rather than a private one.
Anonymous
I like how you are Anonymous and stupid. Yes I was a friend of Jaspers then he left, but so was everyone else that knew him. Jasper left I knew as much as the next person. I got stuck holding shares of AVC that I bought for 3 or 4L$. So what are you saying, cause I was not the only one that was a friend of Jaspers till he left. But I will tell you one thing, I wasn't the one that got all his sims and holding for CGI, sold of the majority of them then left CGI with the scraps. And then tryied to be a hero and act like I was doing them a favore by doing a merger with a junk stock that is 80% below the IPO. And never paid a dividend.
Bart Heart
Typical sleazy Bart Heart Slander
Like Jasper, you always know how to take a tiny bit of truth and spin a huge lie out of things.
a) You didn't hold shares of AVC when we distributed Monkey's shares in ESN to the AVC shareholders.
b) You have remained a friend of Jaspers since he left, colluding with him on attacks on BNT, and you were part and parcel of his campaign to destroy BNT's share price with slander and libel via your many alts back when Jasper was trying to take over BNT.
c) You are a sleazeball for squatting on and refusing to turn over the ancapex domain name you had previously agreed to turn over.
d) I didn't "Get his sims", the CGI shareholders voted to merge CGI into BNT. We have built the net asset value of BNT up and CGI shareholders have earned a 50% increase in value over what they had under Jasper.
e) You are also a sleazeball for your conspiring with Jasper to take the WJUV domain name, which was an asset of WJUV. You are a criminal, pure and simple, and you continue to collude with the criminal Frank Corsi.
Use your name Intlibber ")
To address B) - Jasper / Bart and Intlibber were to create ACE stock exchange, Bart got the domain name, Intlibber backdoor the deal and went off on his own.
To address D) Patrickj had 80% of CG vote, what vote from shreholders, they all said NO WAY to the deal, only Patrickj had to vote yes. You stole the land you know all well was paid for with bank deposits, Intlibber / BNT scammed the bank members
WJUV was a readi on online created in 2004 by Jasper, it was used in SL to help get avc investors some value from using the radio to sell ads. The domain name was never given to anyone.
BTW.... What is ESN? They never had 1 customer, never did anything
Sleazy Anonymous Accusations
I think it's fairly obvious who you are. You made it obvious enough for identification but vague enough for deniability. Thanks for clearing up any doubt I had about you.